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Jun 28 - 09:55 PM

EUR/USD - 1.1150-1.1350 Range Viable Unless Game Changing News

By Andrew M Spencer  —  Jun 28 - 07:30 PM
  • +0.1% in Asia with sentiment capped by coronavirus fears nL3N2E502T

  • EZ needs loose monetary policy until inflation goal near nL5N2E50CO

  • Greens smashed Macron's centrists in French local elections nL2N2E501Z

  • Charts; momentum studies slip; 5, 10 & 21 DMAs coil - neutral setup

  • 1.1157, 38.2% April-June rise, a base and initial pivotal support

  • 1.1353 mid June high capped last week - first significant resistance

  • NY 1.1195-1.1238 range is initial support and resistance

  • 1.1200 850M, 1.1230 300M, and 1.1250-70 1.57BLN, strikes contain


    For more click on FXBUZ

eur jun 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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